Bangladesh has posted around 12.6 percent growth with a quarter of 2018-19 fiscal year left on strong earnings from the readymade garments.
RBI’s monetary policy committee (MPC) reducing for the second successive time its benchmark policy rate to 6% is welcome.
Railways and coal minister Piyush Goyal asked the Reserve Bank of India on Friday to introspect its role in pulling down the country’s projected economic growth for 2019-20 to 7.2 per cent from the earlier forecast of 7.4 per cent.
The GST regime seems to stabilising after rate rationalisation
The rupee skidded 6 paise to finish at 69.23 per US dollar on Friday, largely owing to increasing demand for the greenback from importers. Forex traders said strengthening of the dollar against key currencies overseas also kept the rupee under pressure, though persistent foreign fund inflows restricted the fall.
The 15th Finance Commission on Friday held a high level roundtable on ‘Fiscal Relations across levels of government’.